First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Price Down 0.2% - What's Next?

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) fell 0.2% during mid-day trading on Monday . The company traded as low as $128.65 and last traded at $130.61. 45,878 shares changed hands during trading, a decline of 22% from the average session volume of 58,761 shares. The stock had previously closed at $130.92.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.8 %

The company has a market cap of $1.94 billion, a PE ratio of 30.27 and a beta of 1.05. The business has a 50-day simple moving average of $129.12 and a 200-day simple moving average of $126.01.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.1439 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ 100 Equal Weighted Index Fund

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $31,000. Assetmark Inc. raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 36.5% during the third quarter. Assetmark Inc. now owns 490 shares of the company's stock valued at $61,000 after acquiring an additional 131 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $69,000. Signaturefd LLC raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 29.9% during the third quarter. Signaturefd LLC now owns 586 shares of the company's stock valued at $73,000 after acquiring an additional 135 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $83,000.

About First Trust NASDAQ 100 Equal Weighted Index Fund

The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) is an exchange-traded fund that is based on the NASDAQ-100 Equally Weighted index. The fund tracks an equal-weighted version of the NASDAQ 100. QQEW was launched on Apr 19, 2006 and is managed by First Trust.